A New Health Protection Scheme to provide health cover up to Rs.1 lakh per family announced

Budget FY 2016-17

National Dialysis Services Programme to be launched3000 Stores to be opened under Prime Minister’s Jan Aushadhi Yojana during 2016-17 The Minister for Finance and Corporate Affairs and Information and Broadcasitng, Shri Arun Jaitley has announced a New Health Protection Scheme in the Budget 2016-17. In his Budget address in the Parliament today, the Finance Minister…

Reducing black money through a Scheme to declare undisclosed income by paying 45% tax in a given compliance window

Black Money, Budget FY 2016-17

While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley proposed a Scheme to declare undisclosed income by paying 45% tax in a given compliance window.Shri Jaitley proposed a limited period Compliance window for domestic taxpayers to declare undisclosed income or income represented in the form of…

Simplification and Rationalization of Taxation

Budget FY 2016-17

While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that the Government has already accepted many recommendations of Tax Administration Reform Committee. He further proposed to accept a number of recommendations of Justice Easwar Committee in Budget 2016-17. In order to reduce multiplicity of taxes, associated…